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NAIC Approves State Model Market Conduct Law

The National Association of Insurance Commissioners (NAIC) has approved a market-conduct model law developed by state legislators. The model developed by the National Conference of...
September 17, 2004

The National Association of Insurance Commissioners (NAIC) has approved a market-conduct model law developed by state legislators. The model developed by the National Conference of Insurance Legislators (NCOIL) came under some criticism at the NAIC meeting in Anchorage, Alaska before commissioners approved it by a vote of 31-20. The model now moves on for consideration by state legislatures.

NAIC Press Release (9/12/04)